Three companies with trillion-dollar-plus valuations are expected to go public in quick succession. New rules mean major stock indexes are fast-tracking their inclusion, triggering mandatory buying from the index funds that dominate American retirement accounts.

SpaceX filed its S-1 with the SEC, targeting a $75B+ raise and $1.75T valuation. The listing is fueling a mini-IPO boom alongside OpenAI and Cerebras.

Three companies with trillion-dollar-plus valuations are expected to go public in quick succession. New rules mean major stock indexes are fast-tracking their inclusion,…